So Iran missle test sends oil prices up?

[Canuck_Buck]

what's wrong with this whole deal anyway?

Iran: Oil rallied more than $5 a barrel late Thursday after the oil producing nation of Iran conducted a second missile test in the Persian Gulf Thursday evening, increasing tensions with Israel and the West over its nuclear program.

The Iraqi Defense Ministry said Israeli warplanes were allegedly practicing over Iraqi airspace and at U.S. military bases in the region Friday, according to regional news reports.

http://money.cnn.com/2008/07/11/markets/oil/index.htm?cnn=yes

Nigeria and Brazil fart and oil goes up? WTH ?

[Charlie P]

You're shocked opver this? A hurricane comes with in 200 miles of the coast and prices go up. You didn't think a threat of war between Iran and Israel would do anything?

[Kybuckhunter]

Lets see....Iran exports 3.5 million barrels of oil a day......they make a little threat and oil jumps 5 dollars a barrel....hummmmmmm. I think they just paid for the missiles and then some. In the mean time all the oil people make yet more money over another empty threat.